china

China's exports face "strong headwinds" in the second half of the year from policy tightening measures and the European debt crisis, reducing prospects of a rebound in the stock market, Citigroup Inc said. Chinese stocks will probably stay "range-bound" pending clarity on ...
Five to six Chinese brokerages and fund management companies may on a trial basis win approval to set up yuan-denominated funds in Hong Kong that invest in the mainland stock market, the China Securities Journal reported Tuesday, citing an unidentified person. The combined size ...
Agricultural Bank of China (ABC) said on Wednesday it was pricing its Shanghai initial public offering at the top of an indicated range, confirming what sources told Reuters a day earlier. It also said it would exercise an option to expand its Shanghai share offering by 15 ...
Agricultural Bank of China will exercise an overallotment option for the Shanghai portion of its initial public offering, a source with direct knowledge of the deal said on Wednesday. Special Coverage:Focus on ABC's IPO Plan The shares will be sold at 2.68 yuan (40 cents) apiece, ...
SHANGHAI - Chinese shares rose Wednesday on news reports the national social security fund is buying shares. The benchmark Shanghai Composite Index edged up 11.69 points, or 0.5 percent, to close at 2,421.12. The Shenzhen Composite Index for China's smaller second exchange added ...
Global investment banking fee income more than doubled in the Chinese mainland and Hong Kong in the first half of the year, as the "axis of power" shifted from western Europe. Securities firms' earnings more than doubled to $2.3 billion in the Chinese mainland and Hong Kong from ...
TORONTO - The Industrial and Commercial Bank of China (ICBC Bank Group) said Tuesday that it will begin retail and corporate banking operations under the banner The Industrial and Commercial Bank of China (Canada) in Canada. ICBC (Canada) will provide a business platform for the ...
BEIJING - The Ministry of Finance said on Tuesday that it will issue 40 billion yuan ($5.91 billion) of certificate T-bonds, the third batch this year, from July 12 to 26. The bonds include 20 billion yuan of one-year bonds with a fixed annual interest of 2.60 percent and 20 ...
Industrial and Commercial Bank of China Ltd, the world's biggest lender by market value, plans to raise as much as 45 billion yuan ($6.6 billion) in a rights offer, Ming Pao Daily News reported yesterday, citing unidentified people close to the deal. The lender will offer 0.3 to ...
Agricultural Bank of China, the country's No 3 bank by assets, is set to price its dual Hong Kong and Shanghai IPO late on Tuesday, determining whether it will become world's largest ever share offer. AgBank's pricing will also provide a barometer of sentiment for other Chinese ...
BEIJING - Chinese banks issued about 560 billion yuan ($82.6 billion) in new local-currency loans in June, down from 639.4 billion yuan a month earlier, 21st Century Business Herald reported on Wednesday, citing an unnamed banking source. That number, which is broadly in line ...
CIC move seen as 'sidestepping' investment restrictions BEIJING - Chinese author-ities are considering a plan to strip China Investment Corporation (CIC) of all its domestic banking stakes, a move expected to help diversify the portfolio of one of the world's major sovereign ...
The People's Bank of China (PBOC), China's central bank, auctioned 6 billion yuan ($885 million) of one-year bills at a yield of 2.0929 percent at its regular open market operations Tuesday. The yield on the one-year bill has been steady at 2.0929 percent for almost a month, ...
Chinese equities gained Tuesday with the major Shanghai index rising from a 15-month low Monday, advancing the most in more than two weeks on bargain-hunting. The benchmark Shanghai Composite Index climbed 1.92 percent to end at 2,409.42 points, the most since June 21. The index ...
SHANGHAI: Mainland stocks declined, driving the benchmark index to a 15-month low, on concern a slowdown in the world's third-largest economy and fundraising by banks will dent profits and hurt existing shareholders' stakes. The Shanghai Composite Index retreated 18.95, or 0.8 ...
China's Ministry of Finance (MOF) said Tuesday it will sell 20 billion yuan ($2.95 billion) of 182-day book-entry treasury bonds on Friday. The bonds will be issued on a discount basis through a competitive tender from 9:30 am to 10:30 am Friday, the MOF statement said. Interest ...
China is relaxing foreign exchange regulations slightly to make it easier for domestic banks to make direct investments overseas. Under the new rules, banks will no longer have to apply to the State Administration of Foreign Exchange for currency to fund overseas investments ...
Bank of China said its bid to raise up to $8.86 billion should give it sufficient capital for the next three years, seeking to ease investor concerns about finances at China's No 4 lender. The bank said late on Friday it planned to raise up to 60 billion yuan ($8.86 billion) ...
China revised its first-quarter current account surplus to $53.6 billion from the $40.9 billion figure published on May 14. The nation's capital and financial account surplus in the first three months was revised to $64.2 billion from a previous estimate of $55 billion, the State ...
Chinese shares fell Monday, with the benckmark index down 0.8 percent to hit 15-month low, led by coal and non-ferrous metal producers. The major gauge Shanghai Composite Index retreated 0.8 percent, or 18.95 points, to end at 2,363.95 points, the lowest since April 2009. The ...
Chicago unveils Chinese New Year celebrations
Chicago unveils Chinese New Year celebrations
CHICAGO -- Chicago held a ceremony Friday at the landmark Daley Civic ...
UN chief, Syrian FM in verbal clash at conference
UN chief, Syrian FM in verbal clash at conference
The first day of the peace conference in Montreux, was marked by ...
Chaos on streets after three reported killed in Kiev
Chaos on streets after three reported killed in Kiev
Three people have reportedly been killed in Ukraine's capital Kiev ...
Panel to push financial reform in FTZ
Panel to push financial reform in FTZ
Financial reform in the China (Shanghai) Pilot Free Trade Zone will ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...
China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...
Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...